Around 260 million tonnes of LNG was shipped globally in 2016, according to the International Group of Liquefied Natural Gas Importers (GIIGNL). Asia, which takes in about 70 percent of global shipments of LNG, with traders and end users increasing their ability to trade in anticipation of a supply influx from Australian and U.S. projects. Spot trades, defined by GIIGNL as cargoes delivered within three months from the transaction date, totaled around 47 million tonnes, 15 percent higher than in 2015. Japan takes in nearly a third of global shipments but in the last year China has emerged as a big importer.
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